Banking: The week in 10 stories

By
Friday, March 15, 2019

ARGENTINA

Inflation was a higher than expected 3.8% in February from the previous month, while 12-month inflation was clocked at 51.3%.

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BRAZIL

The head of the lower house authorized the creation of an inquiry commission to investigate loans past administrations of development bank BNDES authorized to other countries.

The government obtained much more than originally expected at Friday's auction of 12 regional airports, marking a success in the first step of its ambitious agenda of concessions and privatizations against the backdrop of serious challenges for public finances.

CHILE

Chile's fintech association is pushing for the creation of an open banking framework.

ECUADOR

The IMF has approved a US$4.2bn credit arrangement for cash-strapped Ecuador.

MEXICO

State-run mortgage lender Fovissste had issued 36,700 loans in the first 100 days of the Andrés Manuel López Obrador administration.

Finance minister Carlos Urzúa presented his vision for a digital overhaul in government acquisitions, describing the current system as "archaic, primitive" and prone to corruption.

PERU

A congresswoman said lawmakers will conduct a thorough analysis of reforms proposed for the country's private pension fund system.

REGIONAL

BNamericas talks to Luis Fernando Perdigón, managing director and head of project finance for Latin America at SMBC Group in New York, to get a regional outlook for this year, following key elections and corruption scandals that impacted several infrastructure markets.

VENEZUELA

The Trump administration is considering banning US financial institutions such as Visa and Mastercard from processing transactions in Venezuela.